Commvault’s acquisition of Clumio strengthens its cloud data protection capabilities for AWS customers, offering comprehensive cyber resilience solutions.
Tinton Falls-based Commvault announced on Wednesday that it will acquire Clumio, a technology leader in data protection for critical cloud data in Amazon Web Services, for an undisclosed price.
The deal is expected to close in early October. Commvault said the purchase price is not material to its earnings and will be funded with cash.
This transaction enables Commvault to leverage data backup and recovery provider Clumio’s AWS offerings to provide cyber resilience to next-generation applications built on AWS. Clumio serves many customers, including Atlassian, Cox Automotive, Duolingo, and LexisNexis.
“In the event of an outage or cyberattack, rapidly getting back to business is paramount to our customers,” Commvault CEO Sanjay Mirchandani said. “Combining Commvault’s industry-leading cyber resilience capabilities with Clumio’s exceptional talent, technology, and AWS expertise advances our recovery offerings, strengthens our platform, and reinforces our position as a leading (Software-as-a-Service) provider for cyber resilience.”
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“At Clumio, our vision was to build a platform that could scale quickly to protect the world’s largest and most complex data sets, including data lakes, warehouses, and other business-critical data,” said Poojan Kumar, co-founder of Clumio. “Joining hands with Commvault allows us to get our cloud-native offerings to AWS customers on a global scale.”
BofA Securities served as a financial adviser, and Hogan Lovells LLP provided legal counsel to Commvault in connection with the transaction.
